Press release |


BEITEN BURKHARDT Advises Suzhou TZTEK Technology Co Ltd on the Complete Takeover of MueTec Automatisierte Mikroskopie und Meßtechnik GmbH

Dusseldorf, 31 May 2021 – The international commercial law firm BEITEN BURKHARDT has provided comprehensive legal advice to Suzhou TZTEK Technology Co Ltd ("TZTEK") on the acquisition of all shares in MueTec Automatisierte Mikroskopie und Meßtechnik GmbH ("MueTec") which was completed in several steps. The complete takeover was subject to the issuance of a clearance certificate by the German Federal Ministry of Economics (BMWi). The focus of the advice in the last step was thus on questions of investment control under the German Foreign Trade and Payments Ordinance (Außenwirtschaftsverordnung).

TZTEK is an internationally active, listed technology group with a focus on machine vision and industrial digitalisation, based in Suzhou, People's Republic of China. The acquisition was effected via its subsidiary SLSS Europe GmbH, based in Munich ("SLSS"). The sellers are the majority shareholder, Deutsche Effecten- und Wechselbeteiligungsgesellschaft AG ("DEWB") and the private entrepreneur Ralph Detert.

In a first step, SLSS has acquired a minority stake of 24.9 percent in MueTec. The now completed increase to 100 percent was planned from the outset, the prerequisite for which was the receipt of a clearance certificate from the BMWi. The parties have agreed that the details of the transaction will not be disclosed.

MueTec specialises in optical inspection and metrology systems used for quality control in semiconductor manufacturing. The company, with sites in Munich and in Aholming/Lower Bavaria, as well as in Taiwan and Malaysia, employs around 50 people. TZTEK intends to develop the German site of MueTec by expanding it as a European development centre and, thus, to also offer its employees a long-term perspective. Founded in 2005, TZTEK is a dynamically growing company with around 1,600 employees. Sales have almost tripled in recent years.

BEITEN BURKHARDT is one of the leading continental European law firms with a presence in China. Our China Desk is integrated into our China practice and focuses on advising Chinese companies from the private and public sectors in connection with their activities in Germany and the EU.

Advisor to TZTEK

BEITEN BURKHARDT: Dr Martin Rappert (Corporate/M&A/China Desk, Dusseldorf), Nico Frielinghaus (Corporate/M&A, Dusseldorf), Dr Christian von Wistinghausen (investment control/China Desk, Berlin), Dr Patrick Alois Hübner (investment control/China Desk, Berlin).

CONTACT
Dr Martin Rappert, MBA
Phone: +49 211 51 89 89 – 185
E-mail: 
Martin.Rappert@bblaw.com


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Dr. Martin_Rappert_Experte_BEITEN_BURKHARDT

Dr Martin Rappert

Rechtsanwalt, MBA

Partner

Nico_Frielinghaus_Experte_BEITEN_BURKHARDT

Nico Frielinghaus

Lawyer, Tax Advisor

Partner

Dr. Christian_von Wistinghausen_Experte_BEITEN_BURKHARDT

Dr Christian von Wistinghausen

Rechtsanwalt, LL.M.

Partner

Patrick_Hübner_Experte_BEITEN_BURKHARDT

Dr Patrick Alois Hübner

Rechtsanwalt, M.A. (China Studies)